trending Market Intelligence /marketintelligence/en/news-insights/trending/DSpf07grI5RB7VSJ8It2Pw2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Nongshim Q2 profit climbs 55.5% YOY

Blog

Minimizing Risk at a Bank with a Trade Intelligence Platform

Blog

2021 US broadband forecast lifted by rising digital home profiles

Blog

Q1 2021 Global Capital Markets Activity: SPAC IPOs, Issuance in Consumer Discretionary Sector Surge

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9


Nongshim Q2 profit climbs 55.5% YOY

Nongshim Co. Ltd. said its normalized net income for the second quarter amounted to 2,987.13 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 2,731.25 won per share.

EPS rose 55.5% year over year from 1,920.96 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 17.27 billion won, a gain of 55.5% from 11.11 billion won in the year-earlier period.

The normalized profit margin climbed to 3.3% from 2.3% in the year-earlier period.

Total revenue rose 8.0% on an annual basis to 529.47 billion won from 490.35 billion won, and total operating expenses climbed 5.2% on an annual basis to 505.28 billion won from 480.48 billion won.

Reported net income grew on an annual basis to 36.39 billion won, or 6,292.35 won per share, from 12.35 billion won, or 2,136.41 won per share.

As of Aug. 17, US$1 was equivalent to 1,183.06 South Korean won.